Cartersville, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cartersville Neighborhoods Since 2000




Cartersville, GA Real Estate Data


Cartersville Housing Market Information

With a population of 20,319, 7,137 total housing units (homes and apartments), and a median house value of $176,373, Cartersville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cartersville, accounting for 68.52% of the city's housing units. Other types of housing that are prevalent in Cartersville include large apartment complexes or high rise apartments ( 19.89%), duplexes, homes converted to apartments or other small apartment buildings ( 7.20%), and a few row houses and other attached homes ( 3.88%).

The most prevalent building size and type in Cartersville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.82% owning and 52.18% renting.

There is a lot of housing in Cartersville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cartersville built between 1940-1969 ( 28.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.32%). There's also some housing in Cartersville built before 1939 ( 4.85%).

Vacant housing appears to be an issue in Cartersville. Fully 13.38% of the housing stock is classified as vacant. Left unchecked, vacant Cartersville homes and apartments can be a drag on the real estate market, holding Cartersville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cartersville Home Appreciation Rates

Cartersville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cartersville during the period has been just -0.96%, which is lower than 70% of US communities.

Appreciation rates are so strong in Cartersville that despite a nationwide downturn in the housing market, Cartersville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cartersville appreciation rates continue to be some of the highest in America, at 6.55%, which is higher than appreciation rates in 80.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cartersville. Cartersville appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Cartersville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Cartersville's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cartersville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cartersville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cartersville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,373

Cartersville, GA HOME PRICES

Value Range
> $1,244,000 0.1
$932,001 - $1,244,000 1.6
$622,001 - $932,000 0.8
$497,001 - $622,000 1.0
$373,001 - $497,000 7.3
$249,001 - $373,000 13.1
$125,001 - $249,000 42.7
$62,001 - $125,000 25.9
$0 - $62,000 7.5

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
40.4696375241553 22.4101479915433

Number Of Homes And Apartments:
7,137

Rent & Ownership

 

Average Market Rent:
$1,013 / per month

Homeownership Rate

Homeownership
Owners 47.82
Renters 52.18
Vacant 13.38

Housing Market Details

 

Age of Homes

AGE OF Cartersville HOMES
2000 or Newer 19.3
1970 - 1999 47.4
1940 - 1969 28.5
1939 or Older 4.9

Types of Homes

TYPE OF Cartersville HOMES
Single-Family 68.5
Townhomes 3.9
Small Apt. Buildings 7.2
Apt. Complexes 19.9
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Cartersville HOMES
No Bedroom 3.14
1 Bedroom 13.57
2 Bedrooms 25.99
3 Bedrooms 36.67
4 Bedrooms 16.88
5 or more bedrooms 3.75

Cartersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
14.54% 0.80% 3 1
* 10 is highest